• Foreign Tourists’ Spending Up 7.5% in May

    According to the Tourism Expenditure Survey (Egatur), compiled by the Ministry of Industry, Energy and Tourism’s Institute for Tourism Studies, in the first five months of the year the average daily expenditure of foreign tourists in Spain has grown by …

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  • Annual Inflation Remains at 1.9% in June

    According to consumer price index (CPI) flash estimates released yesterday by the National Statistics Institute, annual inflation stood at 1.9% in June, which is the same rate recorded in May of this year. These figures have been influenced especially by …

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  • Spain’s Average Salary in 2010 Stood at €22,790.20

    The highest wages were in the Basque Country, Madrid and Catalonia, while the lowest were recorded in the Canary Islands, Extremadura and Galicia. In Spain the annual average gross wage in 2010 was €22,790.20 compared with an average of €53,431.33 …

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  • EU Proposes Limiting Defaulting Countries’ Issuance of Debt

    The Heads of State and Government of the eurozone will discuss this Thursday and Friday, at the European Summit in Brussels, moving towards greater banking and fiscal integration in the monetary union, which will mean a loss of sovereignty of …

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  • Spain to Receive UN Award

    The United Nations (UN) has awarded Spain second prize in the “Improving the Provision of Public Services” category, for the project entitled “Complete e-Access by Citizens to Public Services”, drafted by the Ministry of the Treasury and Public Administration Services …

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  • European Council Must Address “Critical Situation in Europe”, Says Rajoy

    Speaking at the closure of the General Assembly of the Spanish Federation of Business Organisations (CEOE), the Spanish Prime Minister, Mariano Rajoy, said that “maintaining budgetary stability and reforming our economies is an essential requirement for recovering confidence in the …

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  • Spain on High Temperature Alert

    A mass of warm, dry air entering the southern peninsula on Sunday triggered the thermometers at the beginning of the week, and has resulted in half of Spain being put on alert for high temperatures, which could reach as high …

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  • Spain Formally Requests Bank Rescue

    On behalf of the Government, Spain’s Minister of Economy and Competitiveness, Luis de Guindos, yesterday sent the president of the Eurogroup, Jean-Claude Juncker, a letter requesting financial assistance for the recapitalisation of financial institutions that require it. The letter begins …

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  • European Leaders Propose €130,000 Million Stimulus Plan

    After the summit in Rome last week, the leaders of the four principal economies of the eurozone, Germany, France, Italy and Spain, agreed to present a plan for economic growth at the European Council on 28th and 29th June, to …

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  • International Tourists in Spain on the Increase

    According to Frontur’s latest Survey of Tourist Movements released by the Ministry of Industry, Energy and Tourism, in the first five months of the year Spain received a total of 19.1 million international tourists, representing a 2.4% increase over the …

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  • Obama Praises Europe’s Commitment to Growth

    The U.S. President, Barack Obama has praised the commitment of the eurozone on their adoption of policies for growth and greater financial and banking integration, and emphasised that the solution to the crisis must be taken in Europe, and “not …

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  • Rajoy Stands Firm on Commitment to Fight Economic Crisis

    The President of the Spanish Government, Mariano Rajoy, announced at a press conference this week, following the G-20 summit, that “the Government will not back down in its firm commitment to fight the economic crisis.” He insisted that the Government …

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  • Spain in “Top Five” Countries for Increased Use of Renewable Energy

    Spain is the fifth country which most increased its consumption of renewable energy between 2006 and 2010 throughout the European Union. According to the latest data from Eurostat, the final figure for renewable energy consumption in Spain in 2010 was …

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  • Property Tax Relief Under Threat?

    Spain’s tax credit for home purchases may be in danger. The EU finance ministers (Ecofin) have indicated their backing to Brussels’ and the International Monetary Fund’s petition to have this tax incentive removed, and this body may call on Spain, …

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  • Air Travel Prices Rise 4.8%

    Latest data from the National Statistics Institute show that prices for passenger air transport grew by 4.8% in the first quarter of 2012 over the same period of 2011, thus registering a rate three-tenths lower than the previous quarter. Low-cost …

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